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PiggyBank Loans | www.piggy-bank.co.uk Reviews

PiggyBank Loans

About PiggyBank Loans

PiggyBank was launched in early 2012 by DJS (UK) Ltd. At launch, they rolled out a peer-to-peer payday loan that would compete against The Lending Well who tried out the same concept. P2P however turned out to be a bad idea in this sector and The Lending Well soon closed. This featured lender simply adapted to lend out of their own pockets. Piggy’s progress has continuously risen over the years. Whilst many firms have lost ground and struggled, this company always manages to attain top 5 Alexa ranks. On our most recent search they even sneaked 2nd place for payday loans, only trailing QuickQuid. Just how has DJS managed to compete so impressively?

This is difficult to determine, but we do tend to see frequent ad campaigns running in Google that will be sending plenty of visitors their way. Whilst they are attracting many visits, it is equally important to see high praise from their customer base. Evidence of this can be seen on Feefo where they rate at 94% and that’s from 500 reviews across the period of a year. Feefo’s always a good platform to pay attention to this since they validate sales to evade the fake reviews that pollute other platforms. PiggyBank’s product is packaged well for flexibility. Short term repay options of 7 to 35 days plus instalment choices across 2 to 5 months are available.

Company Details

Address: The Riverside Suite, Knapp Mill, Mill Road, Christchurch, BH23 2JY

Brand: PiggyBank (aka: Piggy Bank)

Company: DJS (UK) Ltd

Contact (📧): help@piggy-bank.co.uk

Contact (☎): 0800 206 1560

FCA Licence: 660382

Launched: 2012

Niche: Payday, instalment

Opening Hours: Mon/Thu (8am-6pm), Fri (8am-4.30pm), Sat (9am-1pm)

Related Brands: Non

Site Address: www.piggy-bank.co.uk

Site Rank (Alexa UK): #19,294

Product Specs

Amounts for New Customers: £100 to £1000

Amounts for Existing Customers: £100 to £1500

Late Payment Fee: £15

Pricing: £24 /£100 (1m) & £155.97 /£300 (3m)

Repayment Terms: 7 to 35 days & 2 to 5 months

Review Feedback

Feefo: 94% (500+ count in 12m)

Reviews: Not listed

Trustpilot: 82% (350+ count)

Rivals & Similar Lenders Like PiggyBank

In the 1m and 3m comparisons, just QuickQuid and Satsuma Loans edged out this lender for Alexa ranks. SafetyNet Credit has performed on a similar footing across 2019. The similarity there is that you can pick out the same number of days and even months (when reloaning each payday). SNC stands out in offering 24/7 funding, but over long borrowing periods they are expensive. The difference for £300 over 3m would be Piggy’s £155.97 vs SNC’s £216. There are of course several firms that charge less than £100 such as Anico Finance (£73.50) and Fernovo (£92.85). An alternative company who can boast great feedback is Mr Lender. They score 98% on Reviews.co.uk and 95% on Trustpilot.

Last Check @ www.piggy-bank.co.uk: June 8th, 2019

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